More Laid-Off Workers Got Severance During Covid-19. Not Anymore

Some workplace trends that became more popular during the pandemic have endured, like remote work. More generous severance benefits are not among them.

Just 42% of global employers offered severance to all laid-off employees this year, a survey from Dutch recruitment firm Randstad NV found, down from 64% that did so in 2021. The current figure is also below the 44% of firms that extended severance back in 2019. US employers were the least likely to offer severance for all employees, with just one in four doing so. In the UK and Germany, about half of firms did so. It’s not a trivial matter, as more than 90% ...